Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many people have had their guaranteed minimum pensions reduced in financial year 2021-22 following reviews by HMRC in (a) Scotland and (b) the rest of the UK.

HMRC do not hold the information requested.

Pension Scheme Administrators (PSAs) can compare the Guaranteed Minimum Pension (GMP) value they hold against HMRC records using the online GMP Checker Service held on GOV.UK. However, if the information held by HMRC indicates to PSAs that its records are incorrect and a lower amount is payable than is in payment, it doesn’t mean that the scheme needs to reduce the pension in payment. This is a decision for the pension scheme.

It is the responsibility of pension schemes and employers to maintain records of their pension scheme memberships and administer their members or employees’ pensions. It is for the pension provider to calculate and make the correct payments to individuals.